Why is Veejay Lak. Eng. falling/rising?

As of 22-Aug, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 60.00, which represents a decrease of 2.26 (-3.63%). The stock has underperformed its sector by 1.75% today and has fallen after two consecutive days of gains. Over the past week, the stock has decreased by 3.24%, and its year-to-date performance shows a significant decline of 32.55%. The company is facing operating losses, with a negative EBITDA and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength. Additionally, recent financial results have shown a drastic fall in pre-tax and net profits, further contributing to investor concerns.
In the broader market context, while the Sensex has shown a positive return of 0.88% over the past week, Veejay Lakshmi Engineering Works Ltd's performance has been notably poor, with a year-over-year decline of 39.30% compared to the market's slight increase of 0.31%. This stark contrast highlights the stock's underperformance relative to the benchmark, which may be influencing investor sentiment negatively. Despite a rise in delivery volume, indicating increased investor participation, the overall financial health of the company and its inability to service debt effectively are likely driving the stock's downward trend.